More Highlights from Lift07 #2 Colin Henderson

Speaking of Colin Henderson and Bankwatch, another person it was a pleasure to meet at LIFT was Colin Henderson. He gave a great talk titled “Bankers Can be Bloggers Too” (a subject close to my heart) and in fact you can find the presentation on the official lift presentation download page here.

What stuck with me from Colin’s talk is his idea that banks still don’t “get” the internet. They are using it as a commodotized delivery channel, they are barely using it internally. What they don’t seem to get yet is there vulnerability to better community-connected service providers. Are banks going to relegated to low margin commodity wholesale business and every one from community focused credit-unions to disintermediating payment services like paypal or p2p lenders (or Colin: think also of the mobile telco’s) on one hand a) either soaking up the rich magins of having the direct touch with consumers or b) flattening the whole industry by tearing out the cozy credit spreads banks have gotten so comfortable with?

much to think about.

1) are the big banks capable with keeping up with the social web and the coming changes in the consumer landscape?
2) are the big banks capable of embracing enterprise social media on the inside? (most are yet to allow wifi internally, let alone IM or more advanced E20 tools)

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More Highlights from Lift07 #1 HeadShift

lee bryant headshift

One of my highlights from lift was a chance to meet Riccardo (who’s already been thoroughly adopted by the TorCamp swarmth) and then Lee Bryant from Headshift. Lee gave a fantastic and passionate speech on enterprise collaboration the first day of the conference.

That modern state of enterprise IT is a mess. Why are we feeding the machine (the systems the databases, the KM repositories) instead of feeding the minds of it’s people.

1. he showed a picture of a lion and told us how good the human mind is a pattern matching. When we see a lion in the wild, we don’t attempt to interpret this new information construct an SQL query in which we select from the knowledge base all objects, that are yellow, have fur, bear fangs and try to interpret. No, our neural network is better than that. The instant we see a lion, we scream lion! and run.

2. Why can’t enterprise fully leverage the human pattern matching and filtering of their thousands of their real working human minds?

3. [Echoing O’reilly latest tune] The value of Enterprise Social Software is that these tools get better the more people there are using it. And this is clearly opposite of how Intranets and corporate IT are working for enterprise today.

4. It puts to much emphasis on storage. Storing data and capturing knowledge, when in reality what people are often more concerned with is the immediate context. What is happening, what conversations are going on in the company Right Now?

5. He talked about applications like wouldn’t be great to know what news or articles or conversations on a certain subject is getting the attention of, say, your team, or the senior partners… this morning?

Colin Henderson of theBankwatch.com offers better notes than me, part 1 here

Every Banks should listen to Lee. His basic premise; there is wasted brainpower in large corporations. Its turning people into idiots.

and Colin’s part 2 notes here banks are handicapped by perceptions.

Where I don’t entirely agree with Lee:

1) that social bookmarking is necessarily the killer app. I agree with the immense value of the social value of the streams of meta data – through tagging and connecting semantic relationships, as well the attention data. However, as a user, I’ve always hated the traditional formating of tag clouds the idea of sifting through other people’s delicious/magnolia feeds yuck. I think we need better user tools for this.

2) that you need a 1000 people for enterprise social media ecosystem. Comparing to wikipedia or other consumer mass collaboration paradigms is a complete red herring. At firestoker, starting with a shared-conversation paradigm for social software, we’ve seen the value in tagging not bookmarks but threaded conversations in organizations for 500 people all the way down to (almost surprisingly) 2 to 4 individual users at a time.

Posted in Archive, Uncategorized | 3 Comments

Saturday morning post-lift *blink* *blink* what now?

train
On a train again. To Lausanne with no ticket. Mountains on one side and lake Geneva on the other and in the middle my exploded mind. The fare collector is on her way down the isle, how do I explain to her there was time only to only one of buy a ticket or catch the train. Swiss timing it wouldn’t be late. I caught the train.

Some of you have been following lift on the back channel. It’s hard to explain the feeling right now, now that it’s over. The feeling lke 500 of us, our minds and passions for the world, tech, newmediums, digital-social ecologies and commerce and change hurled around the superconducting track a smashed into a shower of leptons, hadrons

It’s going to take a while to even parse all the data, the inspiration from this conference.

francesca’s early morning feeling:

The ends of these conferences always leave me waffling a little. The convergence of intelligence, passion and curiosity suddenly disappears from your immediate environment, and it is a little like being dropped off on a windblown street corner of a snowy Canada and pondering what next steps to take.

And yes, it turns out you can buy tickets on the train.

And the party seems is not done yet. As Lifters in 1s and 4s and 8s spontaneously descend on Lausanne. [great video hennriette!]

Thank’s Stephanie for your awesome Lausanne hostatiousness! the spirit continues.

but most of all. thank you Laurent for LIFT07.

Posted in Archive, Personal | 4 Comments